Rounaq Bakshi notes

JK Tyre is infusing a total investment of INR 2,200 crore to strengthen its position in the competitive Indian market.  The investment of INR 1,400 crore is going to be utilised in both PCR and TBR segments to boost its capacity to approximately 20% and escalate exports by 2027 Currently, the homegrown tyremaker’s total capacity is nearly 34 million units of tyres per annum, out of which PCR is about 15 million, TBR 4 million and the balance comprises Truck Bus Bias (TBB), two/three wheelers, etc Singhania said the company will deploy around Rs 1,000 crore in expanding its PCR capacity while another Rs 380-390 crore will be spent on ramping up the output of OTR (Off The Road) and TBRs.  When asked if the company will also be spending on building capacities for  Electric Vehicle (EV) tyres, Singhania noted, “We are constantly upgrading our equipment wherever required and there is no separate investment being made or earmarked for EVs.  We are already supplying EV tyre...

  ADANI ENTERPRISES: Adani Defence Systems and Technologies  Adani Defence Systems and Technologies Ltd (ADSTL) first private sector company to have set up an end-to-end development and manufacturing ecosystem of small arms, including assault rifles, light machine guns, sniper rifles, carbines and pistols and is the only Indian private sector company supplying small arms to security forces. It maintains its focus on defence modernisation and indigenous manufacturing, with an increased allocation of ` 6.2 lakh crore for the defence sector. In line with Atmanirbhar Bharat and keeping geopolitical factors in mind, the Government has mandated a minimum of 68% of defence purchases to be done from Indian companies fiscal 2022 onwards Historically, over the past 70 years, India has heavily relied on global OEMs from US, France, Israel, Russia, etc. for the procurement of defence equipment and technologies. The Adani Ammunition Complex and Adani Missiles Complex are first of their kin...

  Reliance 's first New Energy Gigafactory to start making solar modules by 2024-end RIL anticipates that the green power segment will become a key growth driver, potentially surpassing other business sectors over the next 5 to 7 years.  Additionally, RIL plans to develop a local supply chain to enhance self-sufficiency and reduce dependence on imports. Prakash Diwan, Market Expert, said the new energy business is extremely exciting in terms of where it's positioned. He said the statement made during the AGM clearly indicated that value creation will begin by the end of the year. The Gigafactory is part of RIL's broader commitment to sustainability and clean energy. The company said it is expanding its portfolio to include a comprehensive range of renewable solutions, encompassing solar energy, energy storage systems, green hydrogen, bio-energy, and wind energy. "With a comprehensive range of renewable solutions including solar, energy storage systems, green hydrogen, ...

  Skipper  Profit After Tax 81% Growth in H1   Skipper  Limited achieved its best-ever second-quarter revenue, driven by strong execution in the Engineering and Infrastructure business segments.  Consolidated EBITDA margins rose to 10.1%, up from 9.5% in the same quarter last year.      Skipper  Limited established in 1981 is one of the leading companies in the Power Transmission & Distribution and the Polymer segment.  With over 42+ years of domain knowledge it is largest in India and tenth globally basis the manufacturing capacity.  Skipper  differentiates its offerings with high quality but cost effective solution for infrastructure providers and telecom operators.  Its international footprint spans across continents such as Latin America, Europe, and Africa and is spread across 50+ countries with presence across sub-segments such as Towers, EPC, Monopoles, Poles and Railway Electrification Structures....

  Ambani's gameplan for JFSL? # Jio   Financial  Services (JFSL) Following a demerger from incubator RIL,  Jio   Financial  Services (JFSL) has already occupied the No.2 slot in the list of India's largest NBFCs by market capitalisation at Rs 1.66 lakh crore Earlier in June, global brokerage firm Macquarie had downgraded Paytm and cited JFSL's entry as one of the threats to its business JFSL's entry is being seen as a threat not only to the market leader Bajaj  Finance  but also to fintechs like Paytm Reliance has always performed with big numbers and big rollout plans, so I am sure the plan is big," said Sushil Choksey of Indus Equity Advisors As RIL has AAA rating from credit agencies In India, JFSL will draw the same rating from the group strength.  It should enable JFSL to borrow funds at low cost and compete with banks, NBFCs and fintechs in retail space, according to analysts There are 219mn total live customers in the bureau vis a vis...

  Jio   Financial  and Blackrock JV: Will Eat everyone in Fintech space Jio   Financial  and Blackrock form JV to set up wealth management and broking business Jio   Financial  Services said that it had entered into a new joint venture (JV) with U.S.-based BlackRock Inc to set up a wealth management and broking business in India less than a year after launching an asset management venture.\ Jio   Financial  Service said the JV aims to tap into India's increasingly lucrative wealth business and will include the incorporation of a wealth management firm and, subsequently, incorporation of a brokerage company. India's wealth managers look after $1-1.2 trillion of  financial  assets owned by the country's high net-worth individuals, as per a recent Jefferies report Jio   Financial  Services joint venture with BlackRock is "progressing well" with the recruitment of a leadership team and infrastructure set up as the company awai...

  Jio   Financial  Services:  JIO  INSURANCE BROKING LIMITED Direct-to-Customer product portfolio of 24 plans across 4 product categories (Auto, Two-wheeler, Health and Life)  New partnerships for Auto and Two-wheeler Insurance  Extended Warranty for consumer durables and devices  Growth momentum in Institutional channel continues with new client acquisition  Launched Employee Benefit portal for Institutional clients  Institutional product suite includes Group Term Life, Group Medical Cover, Group Personal Accident and Commercial Insurance   

GODREJ INDUSTRIES: manufacturer of Oleo-Chemicals, Surfactants and Derivatives of Oleo-Chemical ·           Fatty Acids o     Fatty Acid portfolio has Palm fatty acid based products and Rapeseed oil based products. o     Palm fatty acid based products are mainly used in  Tyre  industry and FMCG sector. o     Rapeseed oil based products are mainly used as ingredient for specialty chemicals and also in Oil and Gas Industry. o     The Fatty Acid portfolio accounts for 42% of turnover of the division ·           Fatty Alcohol o     Fatty Alcohol portfolio has mix of mid chain Alcohol and Long chain alcohol. o     Fatty alcohol contributes to 32% of the turnover of the division ·           Surfactants: o     The products are mainly used in Deterg...

  Gandhar Oil Refinery Signs Rs 375-Crore Annual Contract with Abu Dhabi Oil Gandhar Oil Refinery's subsidiary secures a Rs 375 crore annual contract with Abu Dhabi National Oil Co. for three years. The foreign material subsidiary of Gandhar Oil Refinery (India) Ltd. has received a three-year contract from Abu Dhabi National Oil Co. for Distribution PJSC, UAE. Texol Lubritech FZC has signed the contract for manufacturing, packaging, labelling, and making the products available on a contract basis.  The estimated annual value of the contract is Rs 375 crore for each of the years 2024, 2025, and 2026 The contract quantity is estimated to be 30 million litres per year Gandhar Oil Refinery is a producer of white oil by revenue, with a growing focus on the consumer and healthcare-end industries.  The company's products are used as ingredients by Indian as well as global companies for the manufacture of end products for the consumer, healthcare, automotive, industrial, power,...

  CEAT Pledges Rs 2,800 Crore Investment In The Next 5 Years One of the leading tyre manufacturers serving the Indian market, CEAT (flagship of RPG Enterprises) has announced its commitment to invest Rs 2,800 crore over the period of next 5 years to boost tyre production . According to officials, after this development, the overall yearly capacity of CEAT will become 1 million tyres for truck bus radials, 6 million tyres for cars and 17 million tyres for two wheelers. Anant Goenka, MD, CEAT, said this will help the company grow fast in their focus segments; two-wheelers and passenger car tyres segment. They will also increase the production of truck bus radial tyres to maintain their market share in coming future. The amount will be made available through both the equity and debt. The plans to enhance its tyre making capacity by investing this amount in various manufacturing facilities across India to meet the demand of tyres for bus, truck, cars, scooters, etc.

  Tejas   Networks : FY24 has been a milestone year for the company  Significant growth in revenue and turn to profitability   Growth in all product segments, led by Wireless   Successful entry into 2 new large product/technology segments with high growth – 4G/5G RAN and Service Provider Switching/Routing (IP/MPLS)   Executing largest ever  networks  built in India with indigenous technology in 4G/5G RAN, Routers and Satellite Transponders   Demonstrated ability to scale manufacturing by executing shipments in record time   Significant investments for enabling future growth   42% growth in headcount –mainly in R&D, manufacturing, sales, support   Expansion of facilities for supporting growth in R&D and Manufacturing Ops   Major capex investments in R&D and Manufacturing

  Tejas   Networks  wins Rs. 7,492 crore order for BSNL’s PanIndia 4G/5G  network Tejas   Networks  announced that it has executed a Master Contract for supply, support and annual maintenance services of its Radio Access  Network  (the “RAN”) equipment for BSNL’s Pan-India 4G/5G  network , with Tata Consultancy Services   As a part of this contract, the Company received a Purchase Order from TCS for Rs 7,492 crore to supply its latest 4G/5G RAN equipment for approximately 100,000 sites, which will be executed during the calendar years 2023 and 2024. The company won this order after successfully completing extensive trials as part of a consortium led by TCS.  Mr. Anand Athreya, CEO and Managing Director of  Tejas   Networks  said, “We are delighted to be selected as the sole supplier of 4G/5G RAN equipment for one of the largest mobile  networks  in the world. Our cutting-edge portfolio of baseband and r...

  5G Theme story from house of Tata group : Tejas Networks · Part of the Tata Group, with a vision to be a scale player of global reach with a competitive portfolio of products supported by best-in-class R&D and innovation · Established as the leading Indian telecom equipment company with a wide range of wireline and wireless products · Deployments in Cell Towers ,Exchanges , Businesses ,Data Centers Homes, Utility Sites · Growth of high-speed broadband, 5G, softwarization of telecom networks, and the emerging geo-political situation, are the key macro trends driving it’s business · 5G as a large opportunity for growing our business, since there will be significant network rollouts by telecom operators as well as enterprises. Our 4G LTE base station has been designed to be upgradable for 5G · In summary, your company is poised to be a scale player of global reach with a competitive portfolio of products supported by bestin-class R&D and innovation. · With 5G spectrum...

  JSW Infrastructure: ~2.4x increase in overall capacity by 2030 2030 Road Map for Growth and Value Creation: ~2.4x increase in overall capacity Navkar Corporation Land Bank Owned 283 Acres Privatisation Bids — Balancing sustained growth Leveraging Balance Sheet for other inorganic growth opportunities Value accretive acquisitions of port-related logistics infrastructure JSW Infra has sufficient cash flows to fund future expansion: JSW Infra Joint MD & CEO Arun Maheshwari Thermal energy consumption in India will peak by 2050, despite the push for green energy. This leaves a good two to three decades for coal demand to grow in India The way India is growing and offering opportunities for growth is amazing. I think we are well positioned in this sector in the country. Our internal cash generation is also quite strong. The kinds of projects we are taking on and what we envisage as our future strategy will be sufficiently covered by our internal cash flows and the money that we are...

     Syrma  SGS:   future of electronic systems design and manufacturing     Syrma  SGS, shaping the future of electronic systems design and manufacturing (ESDM)     Acquired a majority stake in Johari Digital Healthcare Limited (JDHL), a leading engineering-focused, Med Tech Device development and manufacturing company, based in Jodhpur, India     Premier EMS provider specialising in Smart Consumer Electronics and BLDC Systems, FASTag and RFID Applications, 5G Subscriber Devices and Water Purification and Cleaning solutions     Diverse industrial solutions address the dynamic needs of varied sectors. From Smart Energy Meters, Industrial Cleaning, Printing, Power Supplies and Solar Controllers, cater to the industrial segment with a bouquet of innovative solutions.    Collaborate with top laptop and desktop and AIO OEMS, manufacturers and locomotive firms, providing cuttingedge solut...

  Syrma SGS Technology FY25 PAT: ₹1,845 Mn +48% YoY PAT: ₹1,845 Mn +48% YoY, PAT margin at 4.8% Total Revenue: ₹38,361 Mn +19% YoY EBITDA: ₹3,727 Mn +43% YoY, EBIDTA margin at 9.7% ➢ 20+ New Customers onboarded during the Financial Year.  ➢ New customer engagements in large format Box build business, in Industrial and Railway business verticals.  ➢ Commissioned the Pune Mega Facility (26.5-acre campus) with 1.2 Mn sq. ft. potential manufacturing space  ➢ Expanded global reach through a new design and prototype facility in Stuttgart, Germany  ➢ Established a dedicated MedTech Design Centre in Pune to accelerate healthcare innovations. Attracting multinational customers by offering costeffective, reliable, and scalable manufacturing for global supply chains. Foraying into the telecom and networking products sector Streamlining the ecosystem of domestic manufacturing and sourcing Syrma  SGS Technologies : 10X revenue potential Total Revenue ₹ 32,124 Mn up by 5...

  Reliance to commission first solar giga-factory in FY25 Reliance  Industries Ltd,  India's most valuable company , plans to commission its first  solar giga-factory  in the current fiscal as it pivots a  green pathway  to achieve  net zero carbon emissions  from operations by 2035.  In its annual report, the firm said it is targeting to commission the first train of 20GW solar PV (photovoltaic)  manufacturing   by the end of 2024-25 fiscal (April 2024 to March 2025) and scale up to 20GW in a phased manner over 2026. The solar giga factory will include manufacturing of  PV modules , cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity. It is also targeting industrialising  sodium-ion cell production  at the MW level in 2025 and first 50 MWh a year  lithium battery cells  pilot in 2026. Reliance had in 2021 announced plans to invest USD 10 ...

Titagarh  Rail Systems and ABB will work together to supply propulsion systems for metro projects in India ABB and  Titagarh  Rail Systems have formed a strategic partnership to supply propulsion systems for metro rolling stock projects in India. The partnership aligned with the Indian government’s “Make in India” and “Atmanirbhar Bharat” (self-reliant India) initiatives has already had an early success by winning orders to design and supply equipment for metro coaches for the state of Gujarat. Titagarh  specializes in the design, manufacture, supply, commissioning, and servicing of various passenger rolling stock and metro coaches for Indian and international markets Edgar Keller, President, Traction Business, ABB, said, “ABB is established as a leading global player in the design, manufacture, supply, and servicing of traction propulsion systems and TCMS. This strategic partnership with  Titagarh   provide  the strong foundation to enter and expand o...

  Titagarh  Rail System  expects its defence vertical to become the third pillar driving the company's growth over the next 3-4 years.  The current focus though is on railways comprising the passenger and freight rail businesses. “We are keeping this (defence) as the reserve engine for growth. The two engines that we have --  the passenger rail side and the freight rail side are firing on full guns. The defence business will be the third engine of growth that will come post that,” said Umesh Chowdhary, the company's Vice Chairman and MD, in an interview with CNBC-TV18. Titagarh   received a  ₹ 170 crore order  to supply 250 specialised wagons to the Ministry of Defence. Execution of the contract is scheduled to start 12 months after signing the contract and the order is to be completed in 36 months. The defence vertical, he said, currently has a very small share in terms of order book as well as revenues, adding that out of  ₹ 28,000 crore or...

  Gensol  Engineering: Battery Energy Storage Gensol  remains committed to invest in its new business segments which are expected to increase multifold in the near future, contributing to overall profitability   Amongst India’s largest project developers for standalone BESS projects, with a total awarded capacity of 570MW / 1140MWh from Gujarat Urja Vikas Nigam Limited (GUVNL) which will generate a total revenue of ~₹3100 Crore over the 12-year Battery Energy Storage Purchase Agreement (BESPA) tenure  Gensol Engineering Ltd. has secured an EPC contract from Renowned Public Sector Undertaking of 275MW Solar PV Project at RE Solar Park, Khavda Rann of Kutch, Gujarat, with a total bid value of approximately INR 1061.97 crores (Including GST), including three years of O&M. Ahmedabad, January 06, 2025: Gensol Engineering Limited , a prominent leader in the renewable energy sector specializing in solar power engineering, procurement, and construction (EPC) service...

  Gensol  Engineering: Scorpius Trackers Inc. Launches in the USA, Targets 2,000 MW Annual Supply by 2028  A  solar tracker  performs the tracking function by moving or adjusting the angle of solar panels according to the position of the sun Founded in 2012, Scorpius Trackers has quickly established itself as a leader in the solar tracking industry, known for its proactive, end-to-end single-axis solar tracking solutions.  The company boasts globally patented technology and has installations across Japan, the Middle East, India and Africa.  The acquisition by  Gensol  Engineering Limited in 2023 has further solidified its market position, enhancing its capabilities through a history of successful collaborations on diverse solar projects worldwide   Strategic move marks Scorpius’ commitment to leverage the vast potential of the U.S. solar tracker market, which is the largest in the world and deploys trackers aggregating over 25,000 M...

  Gensol  Engineering:  Green Hydrogen economy Gensol  Engineering , a leading player in the renewable energy sector specializing in solar engineering, procurement, and construction (EPC) and electric mobility solutions, in collaboration with Matrix Gas & Renewables Ltd., a fast growing green hydrogen infrastructure developer and natural gas aggregator, announced that  Gensol  and Matrix have won the project to setup India’s first Green Hydrogen Valley project in Pune.  Gensol  – Matrix will set up Green Hydrogen production plant on Build Own and Operate (BOO) basis to supply Green Hydrogen to Specialty Chemical sector with the firm offtake for 20 years.     Supply Green Hydrogen to the specialty chemical Sector in Pune, Maharashtra on round the clock (RTC) basis to develop the Green Hydrogen economy in India   Gensol  Engineering Limited reports Q1 50% PAT growth YoY on a consolidated Basis Recently awarded ₹463 ...